Apple to build 3 'big' manufacturing units in US

Apple has declined to comment on the report.

US President Donald Trump reportedly said that Apple is planning to build three manufacturing plants in America.

Whether or not the manufacturing plants will be owned by Apple or its suppliers, Trump will likely see it as a success for his administration. Foxconn, a major Apple supplier, is also said to be planning its first USA factory.

A few other company executives on corporate Twitter accounts also said they were against Mr Trump's ban or thanked transgender service members for their service. The MIT Technology Review analyzed Apple's supply chain in 2015 and determined that the retail price of an iPhone made entirely in the U.S. The Journal described the recent sit-down between Trump and Cook as a 45-minute conversation that touched on issues including the Paris climate accord and Trump's immigration policy. (NASDAQ:AAPL) has committed to building three new U.S. Apple factories.

For his part, Trump was very vocal during the campaign trail about his disdain for Apple outsourcing its manufacturing to foreign countries.

Maybe Apple is working to expand the work of these middlemen in the United States. Foxconn, the Taiwanese company that assembles iPhones under contract with Apple, is scouting for locations to build a USA factory, and Mr. Trump was expected to announce one on Wednesday.

Apple supplier Corning told CNBC last week that it would "immediately" invest $500 million and create 1,000 new jobs in the United States, but those jobs were related to medical devices. In an interview with Stephen Colbert on The Late Show, Cook said that he felt a "tremendous responsibility" to reveal his sexuality in order to set an example for LGBTQ youth struggling with their own identities.

Apple Inc. shares were trading at $153.68 per share on Wednesday morning, up $0.94 (+0.62%).

Investors by now know not to take the President's comments literally.

  • Joey Payne